Homework Answers
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| Assets | Liabilities | |||
| Cash | $ 21,036 | Accounts Payable | $ 29,450 | |
| Accounts Receivbale | $ 9,116 | |||
| Supplies | $ 11,219 | |||
| Equipment | $ 64,510 | Owner's Capital ($94,662-$18,231) | $ 76,431 | |
| Total Assets | $105,881 | Total Liabilities and Equity | $105,881 | |
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Exercise 1-13 Debra King is the bookkeeper for Cullumber Company. Debra has been trying to determine...
Assets Cash CULLUMBER COMPANY Balance Sheet December 31, 2020 Liabilities $21,036 Accounts payable 11,219 Accounts receivable...
Assets Cash CULLUMBER COMPANY Balance Sheet December 31, 2020 Liabilities $21,036 Accounts payable 11,219 Accounts receivable 64,510 Owner's capital 18,231 Total liabilities and owner's equity $114,996 Supplies Equipment Owner's drawings Total assets $29,450 (9,116) 94,662 $114,996 Prepare a correct balance sheet. (List Assets in order of liquidity.) CULLUMBER COMPANY Balance Sheet Assets Liabilities and Owner's Equity
Wayne Holtz is the bookkeeper for Sandhill Co. Wayne has been trying to get the balance...
Wayne Holtz is the bookkeeper for Sandhill Co. Wayne has been trying to get the balance sheet of Sandhill Co to balance. It finally balanced, but now he's not sure it is Sandhill Co. Balance Sheet December 31, 2022 Assets Liabilities and Stockholders' Equity Cash $16,300 Accounts payable $15,800 Supplies 10,200 Accounts receivable (12,400) Equipment 42,000 7,200 Dividends Total assets Common stock 46,000 Retained earnings 26,300 Total liabilities and stockholders' equity $75,700 $75,700 Prepare a correct balance sheet. (List assets...
Your answer is partially correct. Wayne Holtz is the bookkeeper for Bonita Industries. Wayne has been...
Your answer is partially correct. Wayne Holtz is the bookkeeper for Bonita Industries. Wayne has been trying to get the balance sheet Bonita Industries Balance Sheet December 31, 2017 Assets Liabilities and Stockholders' Equity Cash $12,800 Accounts 0 $10,800 Supplies 14,700 (17,200 ) 0 Equipment 34,800 45,200 Dividends 13,200 36,700 Retained earning Total liabilities and stockholders' equity Total assets $75,500 $75,500 Prepare a correct balance sheet. (List assets in order of liquidity) Bonita Industries Balance Sheet December 31, 2017 December...
PHANIE VEHS BACK NEXT Wayne Holtz is the bookkeeper for Carla Vista Co.. Wayne has been...
PHANIE VEHS BACK NEXT Wayne Holtz is the bookkeeper for Carla Vista Co.. Wayne has been trying to get the balance sheet of Carla Vista Co, to balance. It finally balanced, but now he's not sure it is correct. Assets Cash Supplies Equipment Dividends Carla Vista Co. Balance Sheet December 31, 2022 Liabilities and Stockholders' Equity $15,700 Accounts payable $15,000 9,400 Accounts receivable (12,400) 37,500 Common stock 46,000 6,000 Retained earnings 20,000 $68,600 Total liabilities and stockholders $68,600 equity Total...
Lynn Dreise is the bookkeeper for Sanculi Company SpA. Lynn has been trying to get the...
Lynn Dreise is the bookkeeper for Sanculi Company SpA. Lynn has been trying to get the statement of financial position of Sanculi Company SpA to balance. Sanculi’s statement of financial position is shown below. SANCULI COMPANY SpA Statement of Financial Position December 31, 2017 Assets Liabilities Equipment Є61,978 Share capital—ordinary Є64,561 Supplies 10,330 Retained earnings 22,596 Cash 18,077 Accounts payable 25,824 Dividends 11,621 Accounts receivable (10,975 ) Total assets Є102,006 Total equity and liabilities Є102,006 Prepare a correct statement of...
CALCULATORMESSAGE MY INSTRUCTOR FULL SCRE John Tate is the bookkeeper for Gabelli Company. John has been...
CALCULATORMESSAGE MY INSTRUCTOR FULL SCRE John Tate is the bookkeeper for Gabelli Company. John has been trying to get the balance sheet of Gabelli Company to balance. It finally bala correct. GABELLI COMPANY December 31, 2014 $12,500 Accounts payable Balance Sheet lities and Stockholders' Equity Cash Supplies Equipment Dividends Total assets 9,500 Accounts receivable 50,000 Common stock 13,000 Retained earnings $18,000 (12,000) 40,000 39,000 $85,000 Total liabilities and stockholders equity $85.000 Prepare a correct balance sheet. GABELLI COMPANY Balance Sheet...
Exercise 4-07 a-b (Video) Cullumber Company had the following adjusted trial balance. Cullumber Company Adjusted Trial...
Exercise 4-07 a-b (Video) Cullumber Company had the following adjusted trial balance. Cullumber Company Adjusted Trial Balance For the Month Ended June 30, 2020 . Adjusted Trial Balance Debit Account Tities Credit $3,780 3,810 540 Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable $1,800 120 4,200 700 5,670 1,400 280 1,740 460 $12250 $12,250 Prepare closing entries at June 30, 2020....
Exercise 5-6 The bookkeeper for Metlock Company has prepared the following balance sheet as of July...
Exercise 5-6 The bookkeeper for Metlock Company has prepared the following balance sheet as of July 31, 2020. Cash Accounts receivable (net) Inventory Equipment (net) Patents METLOCK COMPANY BALANCE SHEET AS OF JULY 31, 2020 $ 72,670 Notes and accounts payable 44,170 Long-term liabilities 63,670 Stockholders' equity 84,000 21,000 $285,510 $ 47,670 78,670 159,170 $285,510 The following additional information is provided. 1. Cash includes $1,200 in a petty cash fund and $13,020 in a bond sinking fund. 2. The net...
Cullumber Company had the following adjusted trial balance. **************please use the same format and number of...
Cullumber Company had the following adjusted trial balance.
**************please use the same format and number of
boxes so its easy to
transfer**********************************
**************please
use the same format and number of boxes so its easy to
transfer********************
Exercise 4-07 a-b (Video) Cullumber Company had the following adjusted trial balance Cullumber Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Debit Account Titles Credit $3,500 4,100 600 Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Owner's...
PREPARE A CLASSIFIED BALANCE SHEET 2:06:08 PM / Remaining: 109 min. Adjusted Trial Balance July 31,...
PREPARE A CLASSIFIED BALANCE SHEET
2:06:08 PM / Remaining: 109 min. Adjusted Trial Balance July 31, 2020 Account Titles No. Debit Credit $8,300 9,000 15,800 101 112 157 158 201 208 301 306 400 429 711 726 732 Cash Accounts Receivable Equipment Accumulated Depreciation-Equip. Accounts Payable Unearned Rent Revenue Owner's Capital Owner's Drawings Service Revenue Rent Revenue Depreciation Expense Salaries and Wages Expense Utilities Expense $7,700 4,700 1,900 45,200 16,200 64,200 6,500 9,500 56,000 15,400 $130,200 $130,200 riepai a MICIE...
Assets Cash CULLUMBER COMPANY Balance Sheet December 31, 2020 Liabilities $21,036 Accounts payable 11,219 Accounts receivable 64,510 Owner's capital 18,231 Total liabilities and owner's equity $114,996 Supplies Equipment Owner's drawings Total assets $29,450 (9,116) 94,662 $114,996 Prepare a correct balance sheet. (List Assets in order of liquidity.) CULLUMBER COMPANY Balance Sheet Assets Liabilities and Owner's Equity
Wayne Holtz is the bookkeeper for Sandhill Co. Wayne has been trying to get the balance sheet of Sandhill Co to balance. It finally balanced, but now he's not sure it is Sandhill Co. Balance Sheet December 31, 2022 Assets Liabilities and Stockholders' Equity Cash $16,300 Accounts payable $15,800 Supplies 10,200 Accounts receivable (12,400) Equipment 42,000 7,200 Dividends Total assets Common stock 46,000 Retained earnings 26,300 Total liabilities and stockholders' equity $75,700 $75,700 Prepare a correct balance sheet. (List assets...
Your answer is partially correct. Wayne Holtz is the bookkeeper for Bonita Industries. Wayne has been trying to get the balance sheet Bonita Industries Balance Sheet December 31, 2017 Assets Liabilities and Stockholders' Equity Cash $12,800 Accounts 0 $10,800 Supplies 14,700 (17,200 ) 0 Equipment 34,800 45,200 Dividends 13,200 36,700 Retained earning Total liabilities and stockholders' equity Total assets $75,500 $75,500 Prepare a correct balance sheet. (List assets in order of liquidity) Bonita Industries Balance Sheet December 31, 2017 December...
PHANIE VEHS BACK NEXT Wayne Holtz is the bookkeeper for Carla Vista Co.. Wayne has been trying to get the balance sheet of Carla Vista Co, to balance. It finally balanced, but now he's not sure it is correct. Assets Cash Supplies Equipment Dividends Carla Vista Co. Balance Sheet December 31, 2022 Liabilities and Stockholders' Equity $15,700 Accounts payable $15,000 9,400 Accounts receivable (12,400) 37,500 Common stock 46,000 6,000 Retained earnings 20,000 $68,600 Total liabilities and stockholders $68,600 equity Total...
CALCULATORMESSAGE MY INSTRUCTOR FULL SCRE John Tate is the bookkeeper for Gabelli Company. John has been trying to get the balance sheet of Gabelli Company to balance. It finally bala correct. GABELLI COMPANY December 31, 2014 $12,500 Accounts payable Balance Sheet lities and Stockholders' Equity Cash Supplies Equipment Dividends Total assets 9,500 Accounts receivable 50,000 Common stock 13,000 Retained earnings $18,000 (12,000) 40,000 39,000 $85,000 Total liabilities and stockholders equity $85.000 Prepare a correct balance sheet. GABELLI COMPANY Balance Sheet...
Exercise 4-07 a-b (Video) Cullumber Company had the following adjusted trial balance. Cullumber Company Adjusted Trial Balance For the Month Ended June 30, 2020 . Adjusted Trial Balance Debit Account Tities Credit $3,780 3,810 540 Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable $1,800 120 4,200 700 5,670 1,400 280 1,740 460 $12250 $12,250 Prepare closing entries at June 30, 2020....
Exercise 5-6 The bookkeeper for Metlock Company has prepared the following balance sheet as of July 31, 2020. Cash Accounts receivable (net) Inventory Equipment (net) Patents METLOCK COMPANY BALANCE SHEET AS OF JULY 31, 2020 $ 72,670 Notes and accounts payable 44,170 Long-term liabilities 63,670 Stockholders' equity 84,000 21,000 $285,510 $ 47,670 78,670 159,170 $285,510 The following additional information is provided. 1. Cash includes $1,200 in a petty cash fund and $13,020 in a bond sinking fund. 2. The net...
Cullumber Company had the following adjusted trial balance.
**************please use the same format and number of
boxes so its easy to
transfer**********************************
**************please
use the same format and number of boxes so its easy to
transfer********************
Exercise 4-07 a-b (Video) Cullumber Company had the following adjusted trial balance Cullumber Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Debit Account Titles Credit $3,500 4,100 600 Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Owner's...
PREPARE A CLASSIFIED BALANCE SHEET
2:06:08 PM / Remaining: 109 min. Adjusted Trial Balance July 31, 2020 Account Titles No. Debit Credit $8,300 9,000 15,800 101 112 157 158 201 208 301 306 400 429 711 726 732 Cash Accounts Receivable Equipment Accumulated Depreciation-Equip. Accounts Payable Unearned Rent Revenue Owner's Capital Owner's Drawings Service Revenue Rent Revenue Depreciation Expense Salaries and Wages Expense Utilities Expense $7,700 4,700 1,900 45,200 16,200 64,200 6,500 9,500 56,000 15,400 $130,200 $130,200 riepai a MICIE...
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